Maker initiates a new execution vote, involving updates to stability range parameters, Aave-SparkLend revenue sharing payments, and other changes
ChainCatcher message, according to official news, the Maker governance portal has opened a new execution vote involving the following changes:
- Stability Range Parameter Update
- Stability fee reduction: involves ETH-A, ETH-B, ETH-C, WSTETH-A, WSTETH-B, WBTC-A, WBTC-B, WBTC-C;
- DSR reduction: from 8% down to 7%;
- Update Chainlink Keeper Network Treasury Address
This is a necessary condition to facilitate the upgrade of Chainlink Automation from v2.0 to v2.1 for MakerDAO;
- Aave-SparkLend Revenue Sharing Payment
The smart contract address controlled by Aave Governance will pay 219,125 DAI as part of the Aave-SparkLend revenue sharing;
- June 2024 Adjusted Delegate Compensation
A total of 209.17 MKR will be allocated for this;
- Spark Proxy Spell
Deploy the following changes on SparkLend:
- Reduce the Spark effective DAI borrowing rate by 1 percentage point to 8%;
- Increase the weETH supply cap to 200,000 weETH;
- Increase the weETH isolation mode debt ceiling to 200 million DAI.
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